Westpac
Westpac Banking Corporation, known simply as Westpac, is an Australian multinational banking and financial services company headquartered at Westpac Place in Sydney, New South Wales.
Headquarters at Westpac Place in Sydney | |
| Company type | Public |
|---|---|
| |
| Industry | Banking Financial services |
| Predecessor | Bank of New South Wales Commercial Bank of Australia |
| Founded | 8 April 1817 (as the Bank of New South Wales) 4 May 1982 (as Westpac Banking Corporation) |
| Headquarters | Westpac Place Sydney, New South Wales, Australia |
Area served | Worldwide |
Key people | John McFarlane (Chairman) Peter King (CEO) |
| Products | Finance and insurance, consumer banking, corporate banking, investment banking, investment management, global wealth management, private equity, mortgages, credit cards |
| A$21.65 billion (2023) | |
| A$7.20 billion (2023) | |
| Total assets | A$1.02 trillion (2023) |
| Total equity | A$71.27 billion (2023) |
Number of employees | 36,146 (2023) |
| Subsidiaries | St George Bank BankSA Bank of Melbourne Westpac New Zealand |
| Website | |
Established in 1817 as the Bank of New South Wales, it acquired the Commercial Bank of Australia in 1981 before being renamed to Westpac Banking Corporation in 1982. Westpac is one of Australia's Big Four banks, and is Australia's first and oldest banking institution. Its name is a portmanteau of "Western" and "Pacific".
As of 2023, Westpac has 13 million customers worldwide, and employs around 36,000 people.
In 2022, Westpac held the 53rd position in the "Top 1000 World Banks".
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.